Bitwise and Coinbase executives back CCIP’s split model for real-world blockchain use

Executives from Bitwise and Coinbase say Chainlink's choice to separate message confirmation from execution is what makes cross-chain finance workable for institutions Executives at Bitwise and Coinbase are making the case that one design choice inside Chainlink’s Cross-Chain Interoperability Protocol matters more than most people realize. CCIP separates the step that confirms a cross-chain message from the step that actually executes it. That split sounds like plumbing. According to these executives, it is the feature that makes the protocol usable for real-world finance. The comments carry weight because both camps have skin in the game. Bitwise President Teddy Fusaro has been talking about CCIP on stage. Coinbase has already moved a multi-billion-dollar wrapped asset business onto it. What the split actually does CCIP applies a similar logic to moving assets between blockchains. Message confirmation, meaning the check that a transaction on one chain is valid, sits apart from asset execution on the destination chain. The architecture relies on a decentralized oracle network, or DON. That is a group of independent operators who collectively verify information rather than trusting ...